BUSINESS NEWS

An e-commerce company, Boom on Thursday, launched an online trading platform for over 1.7 billion unbanked customers. The the e-commerce platform was launched at the Federal Palace Hotel, Victoria Island, Lagos. The Chief Executive Officer, Mr Peter Adekeye of Boom at the launch, said that the e-commerce platform was a market place created to allow […]

The Nigerian Government has signed an agreement with the United Kingdom on tackling illegal migration, in line with Britain’s ‘New Plan For Immigration’ policy. UK Home Office – Britain’s lead department for immigration and passports, drugs policy, crime, fire, counter-terrorism, and police – disclosed this on Friday via its verified Twitter handle. It explained that […]

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has expressed concerns about the country’s production capacity, citing cases of deliberate shut of oil wells and pipelines by operators who are trying to deal with theft. According to the NUPRC, the country’s level of crude oil theft is estimated at a daily average of 108,000 barrels in […]

A Federal High Court in Kano, presided over by Justice Abdullahi Liman, on Friday restrained the Kano State Government from borrowing N10 billion for the installation of Closed-Circuit Television (CCTV) cameras. A coalition of NGOs, the Kano First Forum (KFF) filed a motion exparte dated June 27, sworn by the Director-General of the Association Dr […]

Some pupils of public primary schools in Anambra State have reportedly rejected their earned promotion to senior classes, just to qualify for the school feeding programme of the federal government. The Programme Manager of the National Homegrown School Feeding Scheme in Anambra State, Mrs Eriken Uzoamaka disclosed this in Awka on Thursday. The feeding programme […]

Nike said Thursday it will be permanently leaving the Russian market and will not reopen its stores after temporarily shuttering them shortly after Moscow started a military campaign in Ukraine. The US sports apparel giant is among a growing list of Western companies — including McDonald’s and Starbucks — that decided to pull out of […]

The Benue Internal Revenue Service (BIRS) said it intercepted 10 trucks loaded with farm produce that were attempting to escape from the state to evade tax payment. This is contained in a statement by Mr Suswam Terhemba, Media Assistant to BIRS’ Executive Chairman, Mrs Mimi Adzape-Orubibi on Wednesday in Makurdi. Terhemba said the BIRS boss […]

No fewer than 2,000 youths and 1,000 federal civil servants have so far benefited from the Huawei training on Information and Communication Technology (ICT). A statement issued on Wednesday in Abuja by Idongesit Bassey, the Media Manager, Huawei Technologies Company Nigeria Limited, said that the civil servants were drawn from various Ministries, Departments and Agencies […]

The Debt Management Office (DMO) says Deposit Money Banks (DMBs) and Stockbroking firms are integral to delivering its national mandate of debt management. Mr Monday Usiade, Director, Business Development Department of the DMO, said this in an interview with the journalists on Tuesday in Ibadan. He spoke against the backdrop of the the Federal Government […]

Nigeria Customs Service, Federal Operations Unit (FOU), Zone D Bauchi, intercepted contraband which Duty Paid Value was put at N126.560m, from January to date. The Federal Operations Unit (FOU) Zone D, with headquarters in Bauchi, consists of Bauchi, Gombe, Borno, Yobe, Adamawa, Taraba, Plateau and Nasarawa states. Mr Adesanmi Omiye, Comptroller of the zone, made […]